6 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Wednesday.

1) Theeb Rent a Car Co. received a notification from the Ministry of Human Resources and Social Development (HRSD) on accepting its financial bid for a vehicle rental tender at a total value of SAR 27.13 million. 

2) BinDawood Holding Co. announced the issuance of an appealed judicial decision by the Jeddah Commercial Appeals Court in favor of its subsidiary Danube Company for Foodstuffs & Commodities.

3) Al Rajhi Capital, in its capacity as the manager of Al Rajhi REIT Fund, announced the completion of increasing the limit of Shariah-compliant facilities offered by Al Rajhi Bank to SAR 600 million.

4) Dallah Healthcare Co. signed a non-binding memorandum of understanding with KUN Investment Holding Co. for the sale and purchase of shares, representing 18.98% of International Medical Center Co. (IMC), by way of a share swap.

5) Alkhabeer Diversified Income Traded Fund will pay cash dividend for unitholders at 2.50%, or SAR 0.25 per unit, totaling SAR 11.8 million for the period from July 1 to Dec. 31, 2021

6) Brent crude on Wednesday fell 31 cents to reach $87.89 per barrel. WTI crude also decreased 44 cents to reach $85.16/bbl.